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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingpositive, albeit at lower levels, for the second successive quarter and reached 91 million in Q2... million euros in Q2. The rebound largely stemmed from improved loan and bond NII coupled with lower... spread compression offsetting the anticipated lower deposit cost. Meanwhile, commission income rose
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Labour market reforms did exactly what they were supposed to
Agoratranslate into lower labour costs in 2011, Greece’s lenders wanted to accelerate the reduction by cutting... and employees in each firm or sector. The lower NGCA wages would have a strong signalling role to other... flexible hirings of part-time or shift work, with lower weekly hours and subsequently lower pay gradually
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingby 1.5 percent QoQ to 479.6 million in Q4, driven by lower interest contribution from lower loan balances, spread reduction, and deposit inflows in Q4, which offset the benefit from the lower wholesale... offset significantly lower staff costs. In the full year, staff costs fell by 5.4 percent Impairment
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingprofit (PPI) fell by 3.4 percent quarter-on-quarter (QoQ) to 268.5 million, affected largely by lower... by the calendar effect of 10 million euros and lower contribution from loans. Lower average loan balances..., contributing positively by 4 million euros and partially offsetting the lower interest contribution from
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Newsletter 217 -02/08/2019
for those on lower incomes and the middle class.” He said that those owning properties worth more than 1... unveiled Greek debt attracts investors, improving prospects for lower servicing costs The government... to date showing continuous signs of lower borrowing costs. The yield essentially halved between June
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Newsletter 224 -18/10/2019
Draft budget details agreed Athens submits 2020 plan to Brussels as IMF sees lower growth, primary... by lower personal income tax worth 281 million and lower social security contributions at 123 million euros..., such as the increase in property taxes and less certain measures like the lower spending ceilings, the review
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What will it take to reverse the Greek 'brain drain'?
SocietyMitsotakis has spoken of tempting recent emigrants back through “lower taxes and contributions, more... from lower educational and socioeconomic backgrounds, the majority of people moving abroad in more... and educational spectrum emigrated – both highly educated and wealthy, and people from lower-income
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Gathering signs of coronavirus impact on growth expectations
Economyby 2.54 percent this year under the baseline scenario, lower than the government’s projection of 2.8... originally, while also including the scenario of a greater decline which would lower average global... by 2.2 percent this year against a baseline of 2.5 percent, which as mentioned is already lower than
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Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
EconomyMacroeconomybillion euros lower than the monthly target. MoF noted that this decrease was mainly due to the adoption... to 16.03 billion euros in the aggregate period, as mentioned, which is significantly lower than... billion euros, lower than the target by 2.50 billion or 12.3 percent. On an aggregate basis, tax
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Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingin Q3, down by 2.3 percent QoQ. Management said that this was due to the lower income from loans... as the lower income from loans, mainly due to spread pressure, was counterbalanced by the benefit from the lower wholesale funding and deposit cost. The Net Interest Margin (NIM) remained stable QoQ at 2.3
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